Nov 14, 2012

M-PESA platform to be hosted in Kenya

Safaricom is set to start hosting the M-PESA platform in Kenya by 2014. The platform which will be owned and managed by Safaricom, is expected to reduce M-PESA'a downtime and improve efficiency.

Currently, M-PESA is hosted and managed by Vodafone Group Plc, the biggest shareholder of Safaricom with a 40 per cent stake.

Safaricom is also negotiating with Vodafone for a new royalty rate. Currently Vodafone levies Safaricom 10 to 25 per cent of M-PESA revenues in royalty.

In an interview with the Nation, Safaricom's ceo, Bob Collymore  revealed that specifications for the new M-PESA platform have already been designed and the tendering process has started.

Read more on the Nation: M-PESA platform coming home soon.